Exercise 9-13 (Algo) Prepare a Flexible Budget Performance Report [LO9-4] Lavage Rapide is a Canadian company that owns and operates a large automatic car wash facility near Montreal. The following table provides estimates concerning the company's costs: Fixed Cost Cost per per Month Car Washed Cleaning supplies Electricity Maintenance Wages and salaries Depreciation Rent Administrative expenses $ 0.50 $1,400 $ 0.06 $0.25 $ 4,600 $0.40 $ 8,400 $1,900 $1,600 $ 0.01 For example, electricity costs should be $1,400 per month plus $0.06 per car washed. The company expects to wash 8.300 cars in August and to collect an average of $6.10 per car washed. The actual operating results for August are as follows: Lavage Rapide Income Statement For the Month Ended August 31 Actual cars washed Revenue Expenses: Cleaning supplies Electricity Maintenance Hages and salaries Depreciation Rent Administrative expenses Total expense Net operating income 8,400 $52,730 4,650 1,868 2,315 8,280 8,400 2,100 1,583 29,196 $ 23,534